We construct and analyze a unique database with 1992-99 information on privatization transactions and labor productivity for the entire surviving population of initially state-owned industrial corporations in Romania. The data permit us to describe the post-privatization ownership structure and...

We analyze the impact of privatization on multifactor productivity (MFP) using long panel data for nearly the universe of initially stateowned manufacturing firms in four economies. Controlling for firm and industry-year fixed effects and employing a wide variety of measurement approaches, we...

This paper provides an assessment of the contribution to privatization in Romania of the 1995-96 Mass Privatization Program (MPP), which offered shares in nearly 5000 companies to citizens in exchange for coupons. Analyzing a comprehensive database of MPP companies, we find that an average of...

This paper provides a first assessment of the contribution of the Mass Privatization Program (MPP) to privatization in Romania. Despite the potential importance of the 1995-96 program, which offered shares in nearly 5000 companies to citizens in exchange for coupons, little information has been...

Die Verfasser legen mit ihrer Analyse des in den Jahren 1995 und 1996 in Rumänien durchgeführten Massenprivatisierungsprogramms eine Fallstudie zur postkommunistischen Privatisierung in Osteuropa vor. Sie geben zunächst einen Überblick über Privatisierungsansätze in Rumänien vor der...

We use longitudinal methods and universal panel data on 30,000 initially state-owned manufacturing firms in four transition economies to estimate the impacts of privatization on employment and wages. The results in all four countries consistently reject job losses and they never imply large wage...